0000899243-21-000734.txt : 20210106
0000899243-21-000734.hdr.sgml : 20210106
20210106180021
ACCESSION NUMBER: 0000899243-21-000734
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210104
FILED AS OF DATE: 20210106
DATE AS OF CHANGE: 20210106
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Xie Lucy
CENTRAL INDEX KEY: 0001723967
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38324
FILM NUMBER: 21512042
MAIL ADDRESS:
STREET 1: 100 OLD RIVER ROAD, SUITE 100
CITY: ANDOVER
STATE: MA
ZIP: 01810
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Casa Systems Inc
CENTRAL INDEX KEY: 0001333835
STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 100 OLD RIVER ROAD
STREET 2: SUITE 100
CITY: ANDOVER
STATE: MA
ZIP: 01810
BUSINESS PHONE: 978-688-6706
MAIL ADDRESS:
STREET 1: 100 OLD RIVER ROAD
STREET 2: SUITE 100
CITY: ANDOVER
STATE: MA
ZIP: 01810
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-01-04
0
0001333835
Casa Systems Inc
CASA
0001723967
Xie Lucy
C/O CASA SYSTEMS, INC.
100 OLD RIVER ROAD
ANDOVER
MA
01810
1
1
0
0
SVP of Operations
Common Stock
2021-01-04
4
M
0
39977
A
2167417
D
Common Stock
2021-01-04
4
F
0
11753
6.14
D
2155664
D
Restricted Stock Units
2021-01-04
4
M
0
39977
0.00
D
Common Stock
39977
119931
D
Restricted stock units ("RSUs") converted into common stock, $0.001 par value per share (the "Common Stock"), of Casa Systems, Inc. (the "Company") on a one-for-one basis upon vesting of the units.
Shares withheld by the Company to satisfy tax withholding requirements on vesting of RSUs. No shares were sold.
Each RSU represents the right to receive one share of Common Stock upon vesting, subject to the reporting person's continued service relationship with the Company and the other terms and conditions set forth in the applicable RSU agreement. In the sole discretion of the Company's board of directors, the Company may, with respect to any applicable vesting date, deliver to the reporting person Common Stock or cash having a fair market value equal to the number of shares of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes.
Scheduled to vest based upon the Company's level of achievement of pre-established performance parameters, as approved by the Company's Board of Directors, related to either or both of (i) the Company's relative Total Shareholder Return ("TSR") performance against the TSR of the companies listed in the Russell 2000 Index, and (ii) the absolute stock price performance of the Company's common stock, in each case, measured over the three-year period beginning on February 25, 2020 and ending on February 25, 2023, and subject to the other terms and conditions set forth in the applicable RSU agreement.
/s/ Jerry Guo, as Attorney-in-Fact
2021-01-06